4614 Gulfstream ,One Story, Quadruplex, Fourplex, Covenant Villas for Sale

4614 Gulfstream for Sale

Price $1,250,000.00

• Lot size 16281
• Year Build 1948
• Waterfront
• Zip 33461
• Style One Story
• Parking Description
• Pool Yes
• Status Active

Description

Bring your vision to unincorporated Lake Worth! A compelling opportunity for investors, builders, and developers to acquire 1.83 acres in the heart of Lake Worth, Florida, with the potential for a 20-unit multifamily development. This property offers a head start for future development, with several key approvals previously secured, significantly advancing the preliminary planning process. Zoning, water utility, right-of-way, drainage, and Health Department permits have already been previously approved, providing a valuable foundation for the next phase of development. Completed building plans are also available and attached to the MLS, offering additional value and a head start for prospective developers. The proposed unit mix consists of 17 two-bedroom, two-bathroom units and 3 one-bedroom, one-bathroom units. Based on comparable rental rates, the projected rental income could reach approximately $44,500 per month, or $534,000 annually, assuming all 20 units are rented at the estimated market rates of $2,300 per month for the two-bedroom units and $1,800 per month for the one-bedroom units. These figures represent potential gross rental income before expenses, vacancy, and other operating costs. Ideal for investors seeking their next project, builders looking to expand their portfolio, or developers pursuing multifamily opportunities in a central Lake Worth location. With substantial preliminary work already completed, this property presents an opportunity to build on the progress made and explore its full development potential. Buyer to independently verify zoning, approvals, development feasibility, and all intended uses with the appropriate authorities. Seller is open to seller financing.

COVENANT VILLAS TR A K/A ALL OF PLAT

1 To Less Than 2 Acre Lot, Oversized Lot, West Of US 1, Fenced

Bring your vision to unincorporated Lake Worth! A compelling opportunity for investors, builders, and developers to acquire 1.83 acres in the heart of Lake Worth, Florida, with the potential for a 20-unit multifamily development. This property offers a head start for future development, with several key approvals previously secured, significantly advancing the preliminary planning process. Zoning, water utility, right-of-way, drainage, and Health Department permits have already been previously approved, providing a valuable foundation for the next phase of development. Completed building plans are also available and attached to the MLS, offering additional value and a head start for prospective developers. The proposed unit mix consists of 17 two-bedroom, two-bathroom units and 3 one-bedroom, one-bathroom units. Based on comparable rental rates, the projected rental income could reach approximately $44,500 per month, or $534,000 annually, assuming all 20 units are rented at the estimated market rates of $2,300 per month for the two-bedroom units and $1,800 per month for the one-bedroom units. These figures represent potential gross rental income before expenses, vacancy, and other operating costs. Ideal for investors seeking their next project, builders looking to expand their portfolio, or developers pursuing multifamily opportunities in a central Lake Worth location. With substantial preliminary work already completed, this property presents an opportunity to build on the progress made and explore its full development potential. Buyer to independently verify zoning, approvals, development feasibility, and all intended uses with the appropriate authorities. Seller is open to seller financing.

City:Lake Worth,Roof:1:Composition Roll,2:Shingle,Sewer:1:Public Sewer,2:Other,3:Public Sanitation,4:Sewer,Zoning:RM,Cooling:1:Central Air,2:Electric,Country:United States,Heating:1:Central,2:Electric,List A O R:BeachesMLS,Stories:1,Tax Year:2025,Latitude:26.608824,Cooling Y N:1,Heating Y N:1,List Price:1250000,Listing Id:B26089883,Longitude:-80.1009301,Mls Status:Active,Utilities:1:Sewer Connected,2:Water Connected,3:Electricity Available,4:Sewer Available,5:Water Available,Year Built:1948,Directions:6th west from I95. Right on Gulfstream. Property on the right,High School:Lake Worth,Living Area:16281,Postal Code:33461,Street Name:Gulfstream,Coordinates:1:26.608824,Lot Features:1:Oversized Lot,2:West Of US 1,3:Fenced,Photos Count:6,Business Type:1:Residential-Multi-Family,Listing Terms:1:Conventional,2:Owner Financing less 20K Down,3:Owtb Wrap,Lot Size Acres:1.83,Lot Size Units:Square Feet,M I A M I R E_ Area:5700,M L S Area Major:Covenant Villas,On Market Date:2026-10-19,Parcel Number:00434430280010000,Property Type:Residential Income,Stories Total:1,Street Number:4614,Street Suffix:Road,Public Remarks:Bring your vision to unincorporated Lake Worth! A compelling opportunity for investors, builders, and developers to acquire 1.83 acres in the heart of Lake Worth, Florida, with the potential for a 20-unit multifamily development. This property offers a head start for future development, with several key approvals previously secured, significantly advancing the preliminary planning process. Zoning, water utility, right-of-way, drainage, and Health Department permits have already been previously approved, providing a valuable foundation for the next phase of development. Completed building plans are also available and attached to the MLS, offering additional value and a head start for prospective developers. The proposed unit mix consists of 17 two-bedroom, two-bathroom units and 3 one-bedroom, one-bathroom units. Based on comparable rental rates, the projected rental income could reach approximately $44,500 per month, or $534,000 annually, assuming all 20 units are rented at the estimated market rates of $2,300 per month for the two-bedroom units and $1,800 per month for the one-bedroom units. These figures represent potential gross rental income before expenses, vacancy, and other operating costs. Ideal for investors seeking their next project, builders looking to expand their portfolio, or developers pursuing multifamily opportunities in a central Lake Worth location. With substantial preliminary work already completed, this property presents an opportunity to build on the progress made and explore its full development potential. Buyer to independently verify zoning, approvals, development feasibility, and all intended uses with the appropriate authorities. Seller is open to seller financing.,County Or Parish:Palm Beach County,Documents Count:2,Expiration Date:2027-10-16,List Office Name:RE/MAX Direct,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:5108,Property Sub Type:Quadruplex,Road Surface Type:1:Paved,State Or Province:FL,Subdivision Name:Covenant Villas,Tax Annual Amount:9362,Unparsed Address:4614 Gulfstream Road, Lake Worth FL 33461,Elementary School:Starlight Cove,Exterior Features:1:None,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Road Frontage Type:1:Paved Road,2:U.S. Hwy,Year Built Details:Resale,Building Area Total:16281,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:76.7766,M I A M I R E_ Num Floors:1,Original List Price:1250000,Building Area Source:Building Plan/Survey,Documents Available:1:Pud Plan Available,I D X Participation Y N:1,Number Of Units Total:2,Syndication Remarks:Bring your vision to unincorporated Lake Worth! A compelling opportunity for investors, builders, and developers to acquire 1.83 acres in the heart of Lake Worth, Florida, with the potential for a 20-unit multifamily development. This property offers a head start for future development, with several key approvals previously secured, significantly advancing the preliminary planning process. Zoning, water utility, right-of-way, drainage, and Health Department permits have already been previously approved, providing a valuable foundation for the next phase of development. Completed building plans are also available and attached to the MLS, offering additional value and a head start for prospective developers. The proposed unit mix consists of 17 two-bedroom, two-bathroom units and 3 one-bedroom, one-bathroom units. Based on comparable rental rates, the projected rental income could reach approximately $44,500 per month, or $534,000 annually, assuming all 20 units are rented at the estimated market rates of $2,300 per month for the two-bedroom units and $1,800 per month for the one-bedroom units. These figures represent potential gross rental income before expenses, vacancy, and other operating costs. Ideal for investors seeking their next project, builders looking to expand their portfolio, or developers pursuing multifamily opportunities in a central Lake Worth location. With substantial preliminary work already completed, this property presents an opportunity to build on the progress made and explore its full development potential. Buyer to independently verify zoning, approvals, development feasibility, and all intended uses with the appropriate authorities. Seller is open to seller financing.,Listing Contract Date:2026-10-19,Originating System I D:miamire,Showing Instructions:See Broker Remarks,Street Number Numeric:4614,Tax Legal Description:COVENANT VILLAS TR A K/A ALL OF PLAT,M I A M I R E_ Current Price:1250000,Middle Or Junior School:Tradewinds,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Geographic Area:Palm Beach 5670; 5680; 5700; 5710,M I A M I R E_ Main Living Area:Entry Level,M I A M I R E_ Parcel Number M L X:0043,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Supplement Count:38,Contract Status Change Date:2026-10-19,Internet Address Display Y N:1,Number Of Units In Community:2,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:28,M I A M I R E_ Acreage Description:1+ To 2 Acres,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Agent Alternate Phone:561-903-4200,Internet Entire Listing Display Y N:1,M I A M I R E_ Multiple Offers Accepted Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:76.78,Internet Automated Valuation Display Y N:1,